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China Energy Ranks 108th on Fortune Global 500 List

Author:    Source: News and Media Center   Time: 2020-08-10   Font:【L M S

Fortune magazine released its 2020 Global 500 list on August 10, and China Energy Investment Corporation was ranked 108th, with a revenue of nearly US$80.5 billion, the 15th among 48 listed central enterprises supervised by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).

China Energy has made efforts to implement the new strategy for energy security proposed by Chinese President Xi Jinping and steadily advance its overall development strategy that involves “one goal, three corporate features, five development directions and seven best-performing areas”. By adhering to the underlying principle of pursuing progress while ensuring stability, practicing new development concepts, deepening supply-side structural reform, and accelerating restructuring and integration, the company has reported stable business performance with a sound momentum. During the first half of this year, China Energy actively performed its political and social responsibilities as a central enterprise and focused on resuming production and operations in an orderly manner amid the fight against COVID-19 epidemic, in an effort to safeguard national energy security and ensure energy supply for livelihood.

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